Insight

Brazil gears up for inaugural pre-salt licensing round

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Following the success of Round 11, the ANP is now preparing Brazil's first pre-salt licensing round. The round will focus solely on the Libra field, a giant discovered resource located in the northern portion of the pre-salt Cluster Area in the Santos Basin. It is world-class in scale, with reserves estimated by the ANP at 8 to 12 billion barrels of oil equivalent. The field has the potential to produce over 1 million b/d of oil and first oil is expected around the start of the next...

Table of contents

  • Executive summary
  • The Libra opportunity looks world-class
    • Indicative economics
  • Bidding will be competitive, but restricted to large players
  • Future pre-salt bidding
  • Appendix – base case assumptions

Tables and charts

This report includes 4 images and tables including:

  • Libra and the pre-salt Santos Cluster area
  • Brazil gears up for inaugural pre-salt licensing round: Table 1
  • Base case Libra valuation
  • Base case Libra production & cumulative cash flow

What's included

This report contains:

  • Document

    Brazil gears up for inaugural pre-salt licensing round

    PDF 489.27 KB